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With mortgage rates surpassing the 7% mark, the MBA reports yet another dip in weekly purchase and refi apps as homebuyers struggle in the face of a depleted housing supply and elevated mortgage rates.

National affordable housing program announces executive leadership changes, as Matt Pettit is promoted to CEO and American Mortgage Diversity Council Chair Tai Christensen is promoted to President of the company.

On one hand, buying a home and paying a mortgage means owners can build equity and leave an inheritance. However, when adding up monthly mortgage payments, home insurance, and property taxes, many renters could be left feeling like renting is not just the best option, but the only option.

“Mortgage credit availability declined to its lowest level since 2013, as lenders pulled back on underutilized loan programs and as liquidity concerns remain for some jumbo lenders,” said Joel Kan, MBA’s VP and Deputy Chief Economist. "Declining origination volumes have led to lower profitability for many lenders, resulting in narrower loan product offerings to reduce operational costs.

Former TransUnion executive brings senior human capital management experience with broad consumer and business-to-business leadership in the financial services sector to her new role.

The 25 finalists for the 2023 Women in Housing Leadership Awards, to be presented during the 20th Annual Five Star Conference and Expo in Dallas this September, have been named.

Full-service mortgage banker announces agreement to sell 100% of the company to institutional platform for investors to gain exposure to the U.S. residential-mortgage market.

Realtor.com has found that more than 60% of all listing page views from the top 100 metros went to homes located outside the metropolitan areas where shoppers live.

Researchers from Point2 reveal that even in non-core, secondary, cities, affordable first homes are quickly becoming a thing of the past.

Memphis, Tennessee-based regional financial services company extends Chairman, President and CEO D. Bryan Jordan's employment agreement for five more years.